According to UnivDatos Market Insights (UMI)’ research report “Automotive Telematics Market”, the market is expected to witness a CAGR growth of around ~15% during the forecast period 2021-2027F. Global Automotive Telematics Market is experiencing significant growth due to the stringent government norms regarding deploying telematics in vehicles along with the rising trend of connectivity solutions.

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Advanced communication technologies such as vehicle telematics are seeing widespread use in applications such as vehicular communication, safety, mapping systems, and road transportation, as the auto industry looks to tap into next-generation automotive capabilities. Furthermore, the vehicle telematics market is expected to rise due to enhanced broadband networks and the widespread use of smartphones for communication. Parallel to the continually rising popularity of in-built mobile communications among drivers, there has been a growing desire for effective satellite navigation services, resulting in strong demand for vehicle telematics technology. Because assistive technologies such as automotive telematics open up sales opportunities, carmakers have begun to include the system in their cars and market it as an enhanced version. The desire of government authorities throughout the world to mandate telematics services, as well as increased customer demand for greater connectivity in automobiles, are two major drivers that are anticipated to accelerate the adoption of advanced telematics in the automotive industry. Automobile telematics also improves road safety and driving behavior, and it's anticipated to reduce insurance prices in line with usage-based insurance.

Over time, smartphones have evolved into the primary mode of communication. It has opened up several possibilities for automakers to replace traditional computer-based infotainment systems with tablets and smartphones, lowering product costs. The growing trend of remaining connected to the outside world while traveling is prompting automakers to implement connectivity options into their vehicles in order to boost sales. Fuel theft monitoring, car insurance telematics, and eco-driving assistance are now all available through monitoring systems embedded in smartphone apps. As a result, cellphones are a less expensive and handier gadget because they do not require in-vehicle electronics. For example, Driveway Software and Zurich Insurance Group collaborated to develop smartphone-based systems that monitor driving movements, quantify driver distraction, and provide feedback to drivers via their phones. For the safety and security of autos, governments in major countries throughout numerous regions have implemented strict rules and regulations. Many governments have mandated increased installation to track the location and behavior of cars. Many countries have made services such as theft tracking and emergency call systems mandatory

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Based on Application, the market is segmented into Fleet/Asset Management, Navigation & Location-Based System, Infotainment System, Insurance Telematic, Safety & Security, and Others. The Fleet/Asset Management segment generated revenue of USD XX billion in 2020 and is expected to grow at a CAGR XX% during the forecasted period. Fleet/Asset management systems assist in the smooth operation of a business by recognizing unsafe driver habits, reducing excess fuel usage, and providing a strategy for more efficient routes. Operators can use fleet management systems to find vehicles on demand, gather and preserve engine problem data, and spot unsafe driving tendencies like idling, forceful braking, and speeding. For fleet operators, this driver data is priceless. Fleet management services are becoming more popular as they help fleet operators minimize expenses throughout their operations.

Based on technology type, the market is segmented into Embedded, Tethered, and Integrated. The Embedded segment generated revenue of USD XX billion in 2020 and is expected to grow at a CAGR XX% during the forecasted period. Because of the rise of cloud-based technology and the optimization of service plan prices, Embedded has carved out a significant portion of the global Automotive Telematics Market. The expansion of integrated automotive telematics is being driven by an increase in the frequency of road accidents and vehicle incidents. Furthermore, in recent years, the logistics sector's demand for GPS navigation and emergency systems has grown by leaps and bounds.

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Based on the vehicle type, the market is segmented into Passenger Car and Commercial Vehicle. The Passenger Car segment generated revenue of USD XX billion in 2020 and is expected to grow at a CAGR XX% during the forecasted period. One of the major drivers of category expansion is government mandates. The demand for advanced telematics passenger car services such as fuel & routing optimization, vehicle-maintenance alerts, vehicle-finder services, real-time tracking, and stolen-vehicle recovery, as well as the demand for safety and convenience-related advanced telematics passenger car services like fuel & routing optimization, vehicle-maintenance alerts, vehicle-finder services, real-time tracking, and stolen-vehicle recovery, are the main drivers for the segment market growth. The commercial vehicle telematics market is likely to benefit from the rising industrialization and development of the transportation and logistics industry. As a result of this advancement, trucks, and buses can now run at all hours of the day and night, seven days a week.

Based on sales channel, the market is segmented into OEM and Aftermarket. The OEM segment generated revenue of USD XX billion in 2020 and is expected to grow at a CAGR XX% during the forecasted period. As most manufacturers are focused on providing advanced assistance features in their vehicles, OEM is expected to be a significant section of the market, growing at a significant rate throughout the projected period. Furthermore, in the last five years, the aftermarket section of the automotive telematics market has been spurred by the rapid use of telematics services for fleet management among commercial vehicles.

Asia Pacific to Grab Lion’s Share

Because of rising connectivity trends and government rules and regulations, the Asia Pacific region has accounted for a large share of the market's expansion. Furthermore, the market's growth will be fueled by OEM contributions to APAC automotive telematics and high demand for embedded systems or technology-based solutions, which are low-cost and easy to manage. Furthermore, rising government initiatives and stricter restrictions governing the integration of telematics systems for passenger safety and security in nations like India, China, Japan, and Australia are expanding the usage of vehicle telematics.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Global Automotive Telematics Market include Airbiquity Inc., Verizon Communications Inc., Masternaut Limited, Robert Bosch GmbH, Mix Telematics, Omnitracs, LLC, Zonar Systems, Harman International, Trimble Inc, and Teletrac Navman

·         In Feb. 2021, HARMAN International, a wholly owned subsidiary of Samsung Electronics Co., Ltd. focused on connected technologies for automotive, consumer and enterprise markets, announced the acquisition of substantially all the assets of Savari®, Inc., a Silicon Valley-based automotive technology company developing vehicle-to-everything communications (V2X) technology in 5G Edge and automotive devices

“Global Automotive Telematics Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings

Market Segmentation:

1.       By Application (Fleet/Asset Management, Navigation & Location-Based System, Infotainment System, Insurance Telematic, Safety & Security, and Others)

2.       By Technology Type (Embedded, Tethered, and Integrated)

3.       By Vehicle Type (Passenger Car and Commercial Vehicle)

4.       By Sales Channel (OEM and Aftermarket)

5.       By Region (North America (United States, Canada, Rest of North America), Europe (Germany, France, UK, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of APAC), and Rest of World)

6.       By Company (Airbiquity Inc., Verizon Communications Inc., Masternaut Limited, Robert Bosch GmbH, Mix Telematics, Omnitracs, LLC, Zonar Systems, Harman International, Trimble Inc, and Teletrac Navman)

Key questions answered in the study:

1.       What are the current and future trends of the Global Automotive Telematics industry?

2.       How the industry has been evolving in terms of end-user demand and product category?

3.       How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.       What are the key growth drivers and challenges for the Global Automotive Telematics industry?

5.     What is the customer orientation, purchase behavior, and expectations from the Global Automotive Telematics suppliers across various countries?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 AUTOMOTIVE TELEMATICS MARKET COVID-19 IMPACT

6 AUTOMOTIVE TELEMATICS MARKET REVENUE, 2019-2027F

7 MARKET INSIGHTS BY APPLICATION

8 MARKET INSIGHTS BY TECHNOLOGY TYPE

9 MARKET INSIGHTS BY VEHICLE TYPE

10 MARKET INSIGHTS BY SALES CHANNEL

11 MARKET INSIGHTS BY REGION

12 AUTOMOTIVE TELEMATICS MARKET DYNAMICS

13 AUTOMOTIVE TELEMATICS MARKET OPPORTUNITIES

14 AUTOMOTIVE TELEMATICS MARKET TRENDS

15 LEGAL & REGULATORY FRAMEWORK

16 DEMAND AND SUPPLY SIDE ANALYSIS

17 VALUE CHAIN ANALYSIS

18 COMPETITIVE SCENARIO

19 COMPANY PROFILED

20 DISCLAIMER

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